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1179827

registered interest
date	24/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Job Creation: North East
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they will take to improve the record of the increase of new jobs in the North East.
tabling member printed	Lord Beecham
uin	HL1707
answer	answer is ministerial correction date of answer 09/03/2020 answer text <p>The Government is committed to levelling up investment and opportunity across the country. We are working with partners across the North East, including both elected Mayors, where we have committed additional investment of over £1 billion in jobs and infrastructure.</p><p> </p><p>We have also invested £505 million in Growth Deals with the Local Enterprise Partnerships (LEPs) to improve economic performance, employment, and productivity across the region. This includes working with the North East LEP to create 100,000 additional jobs in the region by 2024. The North East LEP’s most recent report highlighted that the number of jobs in the North East has increased by 74,000 since 2014.</p> answering member printed Lord Callanan question first answered 09/03/2020 16:02:00 answering member 4336 label Biography information for Lord Callanan
tabling member	4181 label Biography information for Lord Beecham

1179913

registered interest
date	24/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Nuclear Power Stations: Coastal Areas
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the Office for Nuclear Regulation has a threshold beyond which the construction of new nuclear power stations would be disallowed on a specific section of coastline as a result of Met Office projections for (1) sea levels, or (2) the frequency of storm surges.
tabling member printed	Baroness Jones of Moulsecoomb
uin	HL1764
answer	answer is ministerial correction date of answer 04/03/2020 answer text <p>The independent Office for Nuclear Regulation (ONR) considers nuclear site licence applications and related regulatory matters on a case-by-case basis. In order to ensure the impact of climate change and the adequacy of project specific mitigations are fully and properly considered, the ONR does not prescribe thresholds in advance. The regulator requires appropriate safety margins and considers the latest official climate change predictions, prepared with the Meteorological Office and the Environment Agency.</p> answering member printed Lord Callanan question first answered 04/03/2020 14:01:02 answering member 4336 label Biography information for Lord Callanan
tabling member	4297 label Biography information for Baroness Jones of Moulsecoomb

1179929

registered interest
date	24/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	British Business Bank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the value of new loans extended by the British Business Bank sourced through peer-to-peer lending platforms has (1) increased, or (2) decreased, over the last three completed financial years; and what percentage of such loans were to borrowers who had already received funding from the British Business Bank.
tabling member printed	Lord Myners
uin	HL1775
answer	answer is ministerial correction date of answer 05/03/2020 answer text <p>The British Business Bank’s participation in peer-to-peer lending platforms has been primarily through the Bank’s commercial subsidiary British Business Investments. Data collected across programmes and delivery partners is consolidated on a programme-by-programme basis.</p><p> </p><p>The value of new loans extended by the British Business Bank sourced through peer-to-peer lending platforms has increased year-on-year over the last three completed financial years.</p><p> </p><p>Over the three year period, of the 15,420 distinct SME customers that have received financing through the peer-to-peer delivery partners of British Business Investments, 9.36% have been to repeat peer-to-peer customers[1]. The Bank does not hold data on how many peer-to-peer customers may previously have benefitted from other British Business Bank programmes.</p><p> </p><p>[1] This data excludes finance through Market Invoice as a single customer could have multiple invoices funded through the platform at a time.</p> answering member printed Lord Callanan question first answered 05/03/2020 12:20:27 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1179931

registered interest
date	24/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	British Business Bank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether default rates, and losses in event of default, experienced by the British Business Bank on loans sourced through peer-to-peer lending platforms have been (1) greater or lesser than for the British Business Bank’s overall lending book, and (2) greater or lesser than the British Business Bank’s expectation when extending loans through such platforms.
tabling member printed	Lord Myners
uin	HL1776
answer	answer is ministerial correction date of answer 09/03/2020 answer text <p>The British Business Bank’s participation in peer-to-peer lending platforms has been primarily through the Bank’s commercial subsidiary British Business Investments. Data collected across the Bank’s programmes and delivery partners is consolidated on a programme-by-programme basis. The Bank does not record an overall rate of default given the wide range of delivery partners and products across the Bank’s programmes that are not directly comparable.</p><p> </p><p>British Business Investments monitors existing delivery partners and their performance against contractual requirements, which includes monitoring the level of defaults, provisions, impairments[1] and write-offs observed through the life of each investment.</p><p> </p><p>The level of default rates observed on the portfolio of loans generated through the peer-to-peer lending platforms have varied over the life of the investments to date, at times being below and at times being above the initial expected rate at the time of investment. Provisions are raised for defaulted loans but the actual level of losses associated with these defaults will be dependent on the level of recoveries achieved through the life of the investments as not all defaults will result in crystallised losses.</p><p> </p><p>The level of losses provided for as a percentage of the net amount invested across the peer-to-peer platforms loan portfolio, is above the overall blended level[2] for the British Business Investments’ portfolio. This is as expected given the different risk profile and structure of the investments across the portfolio, all of which have been assessed within the Bank’s objectives and programme criteria.</p><p> </p><p>Overall returns from investments through the peer-to-peer platforms have been positive and the Bank has not experienced any negative returns from the peer-to-peer platform investments liquidated to date.</p><p> </p><p>[1] An impairment is an adjustment applied by a fund manager where a performance issue has been identified within a specific investment and are therefore included in the Net Asset Value submitted to the Bank.</p><p>[2] This includes the level of defaults, provisions, impairments and write-offs provided by peer-to-peer and non-peer-to-peer delivery partners.</p><p> </p> answering member printed Lord Callanan question first answered 09/03/2020 15:29:00 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1178326

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Draft Registration of Overseas Entities Bill
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what the timetable is for introducing the Registration of Overseas Entities Bill.
tabling member constituency	Sutton Coldfield
tabling member printed	Mr Andrew Mitchell
uin	1873
answer	answer is ministerial correction date of answer 27/02/2020 answer text <p>The Registration of Overseas Entities Bill has undergone Pre-Legislative Scrutiny by a joint parliamentary committee. The final Bill will reflect many of the committee’s recommendations to ensure that the legislation is as effective as possible in tackling the use of UK property for money laundering. The Bill will be introduced when Parliamentary time allows.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 27/02/2020 17:57:23 answering member 4414 label Biography information for Paul Scully
tabling member	1211 label Biography information for Mr Andrew Mitchell

1178327

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Companies: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, when his Department plans to publish its response to the consultation on corporate transparency and register reform.
tabling member constituency	Sutton Coldfield
tabling member printed	Mr Andrew Mitchell
uin	1874
answer	answer is ministerial correction date of answer 27/02/2020 answer text <p>The Corporate Transparency and Register Reform Consultation was launched on the 5th May 2019 and closed on the 5th August 2019. It received a significant number of responses. The Government plans to publish the response in due course.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 27/02/2020 17:58:49 answering member 4414 label Biography information for Paul Scully
tabling member	1211 label Biography information for Mr Andrew Mitchell

1178374

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Unpaid Work: Minimum Wage
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his policy to (a) record and (b) name businesses that breach national minimum wage rules as a result of unpaid work trials.
tabling member constituency	Glasgow South
tabling member printed	Stewart Malcolm McDonald
uin	1951
answer	answer is ministerial correction date of answer 24/02/2020 answer text <p>The Government is clear that anyone entitled to be paid the National Minimum Wage (NMW) or National Living Wage (NLW) should receive it. We are committed to cracking down on employers who fail to pay the NMW/NLW.</p><p> </p><p>The current law makes clear that anyone who carries out “work” for an employer is entitled to the NMW/NLW. Where HMRC enforcement officers identify that there has been an underpayment, including for breaches related to unpaid working time, they may issue a Notice of Underpayment instructing the employer to pay the workers the arrears they are owed, and a penalty of up to 200% of those arrears.</p><p> </p><p>In cases where the total arrears are over £500, the Government considers publicly naming the employer via the NMW Naming Scheme. We publicly name in most eligible cases (almost 95%), and exemption from naming is only granted in the very limited circumstances set out in the NMW enforcement policy document on gov.uk.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 24/02/2020 14:50:55 answering member 4414 label Biography information for Paul Scully
tabling member	4461 label Biography information for Stewart Malcolm McDonald

1178378

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Incinerators: Carbon Capture and Storage
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many incinerators meet the current 300MW threshold whereby they must demonstrate carbon capture readiness.
tabling member constituency	Romsey and Southampton North
tabling member printed	Caroline Nokes
uin	1954
answer	answer is ministerial correction date of answer 28/02/2020 answer text <p>The requirement to demonstrate carbon capture readiness applies to applications for power stations with an electrical generating capacity at or over 300 MW and of a type covered by the EU Large Combustion Plant Directive (LCPD). Energy from waste generating stations are not covered by the LCPD. Therefore energy from waste generating stations of any capacity do not have to demonstrate carbon capture readiness.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 28/02/2020 14:18:52 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	4048 label Biography information for Caroline Nokes

1178383

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coal Fired Power Stations: Carbon Capture and Storage
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect on CO2 emissions of lowering the 300MW rating threshold above which combustion based power stations are required to demonstrate that they are carbon capture ready.
tabling member constituency	Romsey and Southampton North
tabling member printed	Caroline Nokes
uin	1957
answer	answer is ministerial correction date of answer 27/02/2020 answer text <p>The Government consulted on the appropriate threshold for carbon capture readiness in 2008. Following this consultation, the 300MW threshold as required in the Carbon Capture Storage Directive was adopted in legislation.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 27/02/2020 17:54:43 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	4048 label Biography information for Caroline Nokes

1178427

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Solar Power: Subsidies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will reintroduce subsidies for home solar panel installation.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	2051
answer	answer is ministerial correction date of answer 24/02/2020 answer text <p>The cost of household solar panels has more than halved since 2011. Government support through the Feed-in Tariff between 2010 and 2019 supported over 830,000 small solar projects – and helped drive this reduction in cost.</p><p> </p><p>Now, under the Smart Export Guarantee, we have given scale low-carbon electricity generators, such as homes with solar panels, the right to be paid for the renewable electricity they export to the grid. This reflects our continued commitment to ensuring that low carbon electricity – whether at the household level or the national level – is central to the transition to the smart and flexible energy systems of the future. Unlike the previous Feed-in Tariff scheme, the Smart Export Guarantee is a market-driven mechanism and paves the way to projects being deployed without subsidies.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 24/02/2020 11:35:09 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	4788 label Biography information for Fleur Anderson